$5,580 Closing Credit*
$469,900
2,293 SqFt
5 Beds
•3 Full Baths
Carie L. Leyden, Listing Office: Concorde Real Estate Advisors
Is Lancaster, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lancaster has remained a Buyer's Market.
Key Takeaway
Lancaster is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lancaster, NE
How much do homes in Lancaster, NE cost?
Median Sold Price
$635,735
$207/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$735(+0.1%)
Key Takeaway
The sold price of homes in Lancaster has remained the same since last month.
Summary: The median home sold price in Lancaster was $635,735 in November 2024, up 0.1% from last month, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $510K | $470K | -7.8% |
| 4 Bedrooms | $675K | $642.8K | -4.8% |
| 5+ Bedrooms | $505.7K | $734.2K | +45.2% |
Summary: Lancaster housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 45.2%.
Median Sold Price Compared To Nearby Cities
| Lincoln | $289.8K | $299K | +3.2% |
| Lancaster | $635K | $635.7K | 0.1% |
Housing Supply in Lancaster, NE
How many homes are available in Lancaster, NE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Summary: The Lancaster real estate market had 61 homes for sale in November 2024, a 6.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Lancaster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lancaster in November 2024, down by 11.1% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Lancaster, NE
How long does it take to sell a home in Lancaster, NE?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 28 Days | -66.5% |
Summary: Homes in Lancaster had an average of 28 days on market in Nov 2024, down by 66.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Lancaster; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.